Chandes Momentum Oscillator Technical Analysis & XAUUSD Signals

Developed by Tushar Chandes

Chandes Momentum Oscillator measures momentum of a xauusd.

This Indicator uses a scale ranging between +100 & -100 thus allowing the trader to clearly see changes in net momentum using the 0 level mark as a balance point.

Calculation

Chande momentum uses data for both up days and down days in the numerator, thereby directly measuring momentum.

Calculations are performed on un smoothed data. This allows for short-term extreme market movements to be less hidden. However, smoothing can still be applied to Oscillator.

XAUUSD Technical Analysis & How to Generate Trade Signals

Buy Signal

This Oscillator measures the momentum of price.

Levels above Zero line are considered to be bullish/buy trade signals.

The higher the indicator goes the higher the upward price momentum.

Buy Signal

Sell XAUUSD Signal

Levels below Zero line are considered to be bearish/buy trade signals.

The lower the indicator goes the higher the downward price momentum.

Sell Signal